Business Wire·Apr 24, 2026, 6:45 AM ET

Rithm Property Trust Inc. Announces First Quarter 2026 Results

Rithm Property Trust Inc. reported a GAAP comprehensive loss of $(3.2) million, or $(0.42) per diluted common share, for the first quarter ended March 31, 2026.
The company reported non-GAAP earnings available for distribution of $(0.3) million, or $(0.04) per diluted common share, for the same period.
Rithm paid a common dividend of $2.8 million, representing $0.36 per share, compared to $2.7 million or $0.36 per share in the fourth quarter of 2025.
Book value per common share stood at $30.83 as of March 31, 2026.
Net interest income increased to $3.628 million from $3.398 million in the prior quarter, while total expenses rose to $4.846 million from $4.307 million.
Total assets decreased to $930.646 million from $1.041 billion at the end of 2025, primarily driven by a reduction in commercial mortgage-backed securities.
Total liabilities declined to $644.068 million from $750.43 million, with repurchase financing agreements falling significantly from $407 million to $309 million.
Management will host a conference call at 8:00 AM Eastern Time on April 24, 2026, to review the first quarter 2026 results.